The egg protein powder market is set for rapid growth over the forecast period. In terms of revenue, the global automated sortation system market accounted for USD 6.3 Billion in 2019 and is expected to reach USD 8.7 Billion by 2026, growing at a CAGR of 5.4% from 2020 to 2026.
Protein powders are also referred to as dietary supplements or body-building supplements as they are intended to supplement one’s diet. Eggs are nature’s multivitamin that has high nutrition. They are loaded with minerals, proteins, vitamins, fatty acids (omega3 & 6), and several other nutrients. There are very few foods that naturally contain vitamin D and eggs are one of them. They also provide essential amino acids that are needed by the body for growth and maintenance.
Global Egg Protein Powder Market: Growth Factors
The increase in demand for food enriched with egg protein like ovomucin and ovalbumin, the rising inclination of people towards a healthier lifestyle, and the rise in the demand for bakery products are the key factors that are stimulating the growth of the egg protein powder market. In some of the food & beverage industries, egg protein is used as a foaming, gelling, thickening agent, and emulsifier. Additionally, due to the presence of protein concentration and branched-chain amino acid profile, it is immensely used to manufacture nutritional and sports supplements. These mentioned factors are stimulating the demand for egg protein powder in the estimated time frame. Furthermore, factors such as a rise in disposable income, a growing trend toward weight management & muscle building, and changing consumer lifestyles, are jointly contributing to the growth of the market. Moreover, major players in the market are collaborating to introduce flavored egg protein powder along with formulating & manufacturing animal-free egg protein powder for vegans which is expected to enhance the growth of the egg protein powder market in the estimated timeframe. However, the availability of alternative sources for egg protein powder may hinder the growth of the global egg protein powder market.
Due to the outbreak of the Covid-19 pandemic which resulted in the lockdown and restriction on transportation, shutting down of fitness centers, markets and restaurants, eventually disrupting supply chain which resulted in the inaccessibility of raw materials in the F&B industry, one of the primary sectors using egg protein powder. Owing to the increase in the incidence of poultry diseases and the change in consumer behavior, the demand for egg protein powder declined. Due to the above-mentioned factors, the market for egg protein powder experienced sluggish growth throughout the pandemic.
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Global Egg Protein Powder Market: Segmentation
The global egg protein powder market can be segmented into application type, and region.
By application, the market can be segmented into bakery products, dietary supplements, ice creams, meat products, and others. The dietary supplement segment under application is anticipated to grow at a rapid pace owing to a growing inclination towards health & fitness among the population and increasing awareness about the nutritional benefits of dietary supplements. By type, the market can be segmented into egg white powder, egg yolk powder, and whole egg powder.
Global Egg Protein Powder Market: Regional Analysis
North America is anticipated to dominate the global market of egg protein powder in the estimated timeframe due to factors such as increasing consumption of dietary supplements by adults, the presence of major market players, and a surge in demand for a healthy diet.
Europe will hold a substantial share in the market. The Asia Pacific region is expected to grow at the highest CAGR. Some of the factors stimulating market growth are changing lifestyles & diets, a rise in disposable income, and increased fitness activities.
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Global Egg Protein Powder Market: Competitive Players
Some of the key players in the egg protein powder market are:
- EUROVO S.R.L
- Bouwhuis Enthoven
- Rembrandt Foods
- NOW Foods
- Taj Agro Products
- Rose Acre Farms
- Taiyo Kagku
- BNL Food Group
- Sanovo Technology Groupand
Global Egg Protein Powder Market: Regional Segment Analysis
- North AmericaThe U.S.Canada
- EuropeFranceThe UKSpainGermanyItalyRest of Europe
- Asia PacificChinaJapanIndiaSouth KoreaSoutheast AsiaRest of Asia Pacific
- Latin AmericaBrazilMexicoRest of Latin America
- Middle East & AfricaGCCSouth AfricaRest of The Middle East & Africa
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